Supply chain upheavals across the globe are disrupting long-standing commercial relationships, requiring companies to quickly find new suppliers for the goods they need to operate. Quickly identifying and onboarding these suppliers while ensuring they comply with internal and jurisdictional rules—including company initiatives and regulations regarding diversity—is critical to thriving in today’s business climate. Supplier onboarding has traditionally been a cumbersome and time-consuming exercise, impeding fast supplier onboarding and effective risk management.
The Icertis Supplier Onboarding and Diversity Compliance application, powered by the Icertis Contract Intelligence (ICI) platform, allows organizations to quickly identify suppliers and rapidly onboard them. It also provides capabilities for collaboration with suppliers to ensure they are compliant with organizational policies and regulations, thereby reducing supplier risk.
Transforming contracts into structured, connected, and on-demand data is just the beginning. Discover the power of intelligent contract creation, automation, and insights to realize the full intent and maximize the value of every contract, clause, and obligation across the enterprise.